Tuesday, August 7, 2012

Sirius XM Hits 4-Month Highs – SIRI, FOSL, LVS

Sirius XM Radio Inc(NASDAQ:SIRI) shares continued to edge higher for the third session in the pre-market activity on Tuesday thanks to the company’s increased subscribers, which has pushed the company to lift its full year profit guidance. The company now projects its EBIDTA to come in at $900 million in 2012, up $25 million from its last forecast. In the past quarter, Sirius XM added 622,000 subscribers last quarter, bringing its total to a record 22.9 million. The company earned $3.13 billion, or 48 cents a share on revenue of $837.5 million. In a year ago quarter, the company earned $179.4 million, or 3 cents. Shares of the company are up 3.20% to $2.27 in the pre-open session.

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Fossil, Inc.(NASDAQ:FOSL) shares are rebounding in the pre-open session as the company posted much better than estimated Second-quarter earnings and revenue. The company posted net income of $57.3 million, or 92 cents per share, up from a year ago profit of $51.4 million, or 80 cents per share. Quarterly revenue came in at $636.1 million, up 14.30% year over year. Analysts were estimating the company to report 78 cents a share on revenue of $634.9 million.

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Shares of FOSL are up 19% to $82.98 in the pre market activity. So far this year, the stock is down over 12%.

Las Vegas Sands Corp.(NYSE:LVS) The DOJ probe of Las Vegas Sands over allegations that it violated money laundering reporting laws appears set to rattle an industry used to looking blindly at the whales in its casinos betting millions of dollars a hand. In the past, federal and state agencies were more likely to launch fines for missing warning signs about the background of customers with criminal charges relatively rare.

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